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TPG (TPG)

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Research analysts who have asked questions during TPG earnings calls.

GS

Glenn Schorr

Evercore ISI

6 questions for TPG

Also covers: APO, BAC, BEN +14 more
Michael Cyprys

Michael Cyprys

Morgan Stanley

6 questions for TPG

Also covers: AAMI, AMP, AMTD +30 more
Brian Bedell

Brian Bedell

Deutsche Bank

5 questions for TPG

Also covers: AMG, AMTD, APO +23 more
Alexander Blostein

Alexander Blostein

Goldman Sachs

4 questions for TPG

Also covers: AB, AMG, AMP +31 more
Craig Siegenthaler

Craig Siegenthaler

Bank of America

4 questions for TPG

Also covers: AB, AMP, AMTD +26 more
KW

Kenneth Worthington

JPMorgan Chase & Co.

4 questions for TPG

Also covers: APO, ARES, BAM +27 more
AG

Arnaud Giblat

BNP Paribas

3 questions for TPG

Also covers: BX, KKR
BH

Brennan Hawken

UBS Group AG

3 questions for TPG

Also covers: AMP, AMTD, APO +30 more
MB

Michael Brown

Wells Fargo Securities

3 questions for TPG

Also covers: APO, ARES, BAM +19 more
AB

Alex Blostein

Goldman Sachs Group, Inc.

2 questions for TPG

Also covers: ARES, BX, IVZ +4 more
Ben Budish

Ben Budish

Barclays PLC

2 questions for TPG

Also covers: AB, APO, ARES +23 more
KW

Ken Worthington

JPMorgan

2 questions for TPG

Also covers: ARES, BLK, BLSH +10 more
Kyle Voigt

Kyle Voigt

Keefe, Bruyette & Woods

2 questions for TPG

Also covers: AMTD, APO, ARES +17 more
MB

Mike Brown

UBS

2 questions for TPG

Also covers: ARES, BLK, BX +7 more
BM

Brian McKenna

Citizens JMP Securities

1 question for TPG

Also covers: ARCC, ARES, BX +14 more
DF

Dan Fannon

Jefferies & Company Inc.

1 question for TPG

Also covers: AB, AMG, AMTD +25 more
DF

Daniel Fannon

Jefferies Financial Group Inc.

1 question for TPG

Also covers: AB, AMG, AMTD +27 more
SC

Steven Chubak

Wolfe Research

1 question for TPG

Also covers: AMP, AMTD, APO +20 more
WK

William Katz

TD Cowen

1 question for TPG

Also covers: AB, AMG, AMTD +25 more

Recent press releases and 8-K filings for TPG.

TPG Reports Strong 2025 Performance and Future Investment Plans
TPG
Earnings
Guidance Update
New Projects/Investments
  • TPG reported a strong 2025, raising $51 billion and deploying $52 billion, pushing its assets under management (AUM) to figures between $286 billion and more than $300 billion.
  • The firm has approximately $72 billion in dry powder and plans to accelerate investments in 2026, targeting opportunities from market dislocation, including the technology sector.
  • In Q4, asset-management income jumped sharply to $282 million (compared to $11 million in Q4 2024), fee-related revenue rose 36% year-over-year, and firm-wide AUM grew about 23%.
  • TPG's credit platform expanded to about $93 billion by year-end 2025, attracted over $20 billion of new capital, and generated investment returns above 11% for the year.
  • TPG declared a quarterly dividend with a record date of February 19, 2026, and a payable date of March 5, 2026.
1 day ago
TPG Reports Strong Fourth Quarter and Full Year 2025 Financial Results
TPG
Earnings
Dividends
New Projects/Investments
  • TPG reported Net income attributable to TPG Inc. of $77 million for Q4 2025, a significant increase from $13 million in Q4 2024.
  • For the full year 2025, the company raised over $51 billion and deployed $52 billion, driving total Assets Under Management (AUM) to over $300 billion.
  • Fee-Related Revenues (FRR) for Q4 2025 increased 36% to $628 million compared to Q4 2024, with Fee-Related Earnings (FRE) of $326 million and After-Tax Distributable Earnings (After-tax DE) of $304 million.
  • TPG declared a quarterly dividend of $0.61 per share of Class A common stock for Q4 2025, payable on March 5, 2026.
  • The company concluded Q4 2025 with $72.4 billion in available capital for deployment.
1 day ago
TPG Reports Strong Q4 and Full Year 2025 Results, Provides Optimistic 2026 Outlook
TPG
Earnings
Guidance Update
New Projects/Investments
  • TPG reported GAAP net income attributable to TPG Inc. of $77 billion and after-tax distributable earnings of $304 million, or $0.71 per share for Q4 2025, with a declared dividend of $0.61 per share.
  • For the full year 2025, TPG achieved record capital raising of $51 billion (up 71% year-over-year) and record capital deployed of $52 billion, alongside $23 billion in realizations. Total AUM grew to $303 billion (up 23% from 2024) and fee-earning AUM to $170 billion (up 20% from 2024).
  • Full year 2025 fee-related revenue was $2.1 billion and fee-related earnings (FRE) reached $953 million (up 25% from 2024), with a 45% FRE margin. For 2026, TPG expects capital raising to exceed $50 billion and projects a full year FRE margin of approximately 47%.
  • The firm is expanding its private wealth strategy, expecting its TPOP product to more than double in 2026, and plans new products including a multi-strategy credit interval fund and a non-traded REIT. TPG also detailed its disciplined software investment approach, with software comprising 11% of total AUM, focusing on AI-resilient companies.
1 day ago
TPG reports strong Q4 and full-year 2025 results, declares dividend, and provides 2026 outlook
TPG
Earnings
Guidance Update
Revenue Acceleration/Inflection
  • TPG reported GAAP net income attributable to TPG Inc. of $77 billion and after-tax distributable earnings of $304 million, or $0.71 per share of Class A common stock for Q4 2025. For the full year 2025, fee-related earnings increased 25% from 2024 to $953 million with a 45% FRE margin.
  • The company declared a dividend of $0.61 per share of Class A common stock, which will be paid on March 5, 2026.
  • TPG achieved record capital raising of $51 billion in 2025, a 71% increase over the prior year, and deployed a record $52 billion of capital, ending the year with over $300 billion in AUM, up 23% year-over-year.
  • For 2026, TPG expects aggregate capital raising to exceed $50 billion and projects a full-year FRE margin of approximately 47%.
1 day ago
TPG Reports Strong Q4 and Full-Year 2025 Financial Results with Record Capital Activity
TPG
Earnings
Guidance Update
New Projects/Investments
  • TPG reported full-year fee-related revenue of $2.1 billion and fee-related earnings (FRE) of $953 million for 2025, marking a 25% increase in FRE from 2024. The company concluded 2025 with $303 billion in total Assets Under Management (AUM), a 23% increase year-over-year.
  • The firm achieved record capital raising and deployment in 2025, securing $51 billion in capital raised (a 71% increase over the prior year) and deploying $52 billion, the highest annual deployment in TPG's history. Dry powder increased 26% year-over-year to $72 billion by the end of 2025.
  • For 2026, TPG expects aggregate capital raising to exceed $50 billion and projects a full-year FRE margin of approximately 47%. The company is also expanding its private wealth strategy and insurance channels, including a strategic partnership with Jackson Financial expected to close in February 2026, with a minimum requirement of $4 billion of fee-earning AUM after two years.
1 day ago
TPG Reports Fourth Quarter and Full Year 2025 Financial Results
TPG
Earnings
Dividends
Revenue Acceleration/Inflection
  • TPG Inc. reported net income of $282 million for the fourth quarter of 2025, a significant increase from $11 million in 4Q 2024, with diluted net income per share at $0.29.
  • For the full year ended December 31, 2025, total revenues reached $4,670,212 thousand, up from $3,500,082 thousand in 2024.
  • The company's total Assets Under Management (AUM) grew to $303 billion by December 31, 2025, marking a 23% increase over the last twelve months, and the firm holds $72 billion in dry powder.
  • Fee-Related Earnings (FRE) for Q4 2025 rose by 72% to $326 million, improving the FRE margin to 52% from 41% in Q4 2024.
  • TPG declared a quarterly dividend of $0.61 per share of Class A common stock, payable on March 5, 2026, bringing the total dividends for fiscal year 2025 to $2.06 per share.
1 day ago
TPG Reports Fourth Quarter and Full Year 2025 Results
TPG
Earnings
Dividends
New Projects/Investments
  • TPG reported record capital raised of over $51 billion and $52 billion deployed during 2025.
  • The firm's total Assets Under Management (AUM) reached more than $300 billion.
  • TPG holds $72 billion in dry powder, which positions the firm for sustained growth.
  • A quarterly dividend of $0.61 per share of Class A common stock has been declared, payable on March 5, 2026, to holders of record on February 19, 2026.
1 day ago
TPG Announces Long-Term Strategic Partnership with Jackson Financial
TPG
New Projects/Investments
M&A
Guidance Update
  • TPG has established a long-term strategic partnership with Jackson Financial, a U.S. retirement services firm, to manage a portion of Jackson's general account as their alternatives partner.
  • The investment management agreement (IMA) includes a minimum allocation of $12 billion to be managed by TPG, with economic incentives to scale to at least $20 billion. The IMA has a 10-year initial term and TPG will receive market-based fees with a minimum management fee of 50 basis points.
  • TPG will invest $500 million in Jackson common stock, representing approximately 6.5% pro forma ownership, and will issue $150 million in TPG common stock to Jackson to further align incentives.
  • The partnership is expected to be accretive to TPG's fee-related earnings per share beginning in Q4 2026 and to after-tax distributable earnings per share beginning in fiscal year 2027.
Jan 6, 2026, 1:00 PM
TPG and Jackson Financial Inc. Announce Strategic Partnership
TPG
M&A
New Projects/Investments
Guidance Update
  • TPG and Jackson Financial Inc. have established a long-term strategic investment management partnership, with the transaction anticipated to close in Q1 2026.
  • As part of the agreement, TPG will invest $500 million in Jackson common stock, while Jackson will receive $150 million of TPG Class A common stock.
  • The partnership includes an investment management agreement with a minimum allocation of $12 billion in assets under management (AUM) to TPG Credit, with a goal to scale to at least $20 billion over time, and a minimum fee of 50 bps.
  • The transaction is expected to be accretive to TPG's Fee Related Earnings per share beginning in Q4 2026 and to After-Tax Distributable Earnings per share beginning in FY 2027.
Jan 6, 2026, 1:00 PM
TPG announces strategic partnership with Jackson Financial
TPG
New Projects/Investments
Guidance Update
  • TPG has established a long-term strategic partnership with Jackson Financial, a leading U.S. retirement services firm, to manage a portion of Jackson's general account as their alternatives partner.
  • The investment management agreement (IMA) includes a minimum allocation of $12 billion, with economic incentives to scale to at least $20 billion. The initial mandate will focus on investment-grade asset-based finance and direct lending.
  • TPG will receive market-based fees for each asset class, with a minimum management fee of 50 basis points applying throughout the 10-year initial term of the partnership, which has automatic one-year renewals through year 15.
  • To further align incentives, TPG will invest $500 million into Jackson Common Stock and issue $150 million in TPG Common Stock to Jackson. An additional $150 million of TPG Common Stock could be issued if the total fee-earning AUM reaches at least $20 billion by the 10th anniversary.
  • This partnership is expected to be accretive to TPG's fee-related earnings per share beginning in the fourth quarter of 2026 and accretive to after-tax distributable earnings per share beginning in fiscal year 2027.
Jan 6, 2026, 1:00 PM